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FCA case against CACEIS UK raises points of interest for practitioners
James Alleyne
Comments from Chancellor Rachel Reeves in January at Davos have materialised into two new schemes to attract more high-growth businesses to the UK.
Announced as part of London Tech Week, the two new ‘concierge service’ schemes include visa fee reimbursements and a fast-track for Office for Investment-backed overseas businesses.
These schemes are announced as migrants, employers and prospective inward investors continue to hold their breath over whether the government will follow through on its drastic earned settlement proposals, as early as this Autumn. Uncertainty is exacerbated by the possible leadership contest in the near future which could mean a change in direction on immigration policy.
The Immigration Skills Charge (ISC) will increase by 32% from £1,000 per year of the visa to £1,320 per year of the visa. For small sponsors the ISC will increase from £364 to £480 per year.
The immigration policy white paper was released on 12 May 2025 and there were subsequent Skilled Worker rule changes on 22 July. On 14 October the Home Office released a statement of changes to the Immigration Rules setting out further upcoming rule amendments flowing from the white paper. There was also a Home Office press release.
In today’s King’s Speech we received confirmation of the upcoming Border Security, Asylum and Immigration Bill that the new Government intends to introduce to tackle the on-going small boat crossings. Echoing their manifesto, the speech confirmed the Government’s intention to strengthen the border with the establishment of a new Border Security Command and enhanced counter terror powers in relation to organised immigration crime. There will also be stronger criminal penalties introduced for organised immigration crime.
A series of changes to the EU Settlement Scheme have resulted from the February 2023 High Court judgement in the Independent Monitoring Authority (IMA) case. The judgement said that in accordance with the Withdrawal Agreement when the UK left the EU, pre-settled status holders do not lose their residency right upon failure to make an application for settled status before their pre-settled status expires.
James Alleyne
Zoe Beels
James Bell
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